This CLE webinar will discuss the contemporary practice of third-party financing of class action lawsuits—both the nuts and bolts of how this is done and the full range of ethical issues it can be said to present. Taught by Peter R. Jarvis of Holland & Knight and Tim Scrantom, Founder and Managing Director of Legis Finance.
Litigation finance will change the way litigation lawyers make money. Litigation finance is introducing a new perspective on legal disputes and how they should be resolved. It is accelerating the evolution of the lawyer to proto-legioeconomist. Their perspective will be grounded in economics and science. Their process will crave algorithms,analysis and modeling.
Litigation assets are proven, prime, high-yield investments. They are plenty and ever-replenishing. Why would any litigator worth his salt not want to invest at least some measure of his wealth in his own litigation assets rather than exclusively take high hourly fees, only to turn his surplus earnings into listed securities that are routinely battered by market malfeasance and pandemics?
What will happen to growth in the legal market when the economy starts to recover from the current crisis? Growth as a strategy will need re-thinking as firms struggle to rebuild revenue streams and are pinched by the changing demands of clients, pricing pressures and reduced headcount. We believe that growth is not dead yet, it can be revived.